Robotic Nurse Assistant Market
Robotic Nurse Assistant Market Size Analysis, By Product Type (Independence Support Robots, Daily Care & Transportation Robots, Pharma Automation Robots), By End-use (Hospitals & Clinics, Senior Care Facilities, and Homecare Settings), & By Region - Global Market Insights 2022-2032
Analysis of Robotic Nurse Assistant Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Robotic Nurse Assistant Market Outlook (2022-2032)
The robotic nurse assistant market size was estimated at USD 923.91 Million in 2022, and it is anticipated to register at a CAGR of 14.7% from 2022 to 2032. The market size is anticipated to reach USD 3641.36 Million by 2032.
The demand for robotic nurse assistants for various daily assistance functions is being fueled by the rising global population of the older population. In the upcoming years, it is anticipated that the demand for robotic nurses will increase due to the growing investment in R&D to create technologically advanced robots for healthcare facilities.
More investment and funding are being provided for the creation of technologically advanced nurse-assisting robots that can successfully do a nurse's everyday activities, which is another factor driving up demand for robotic nurse assistants. The COVID-19 pandemic had a favorable effect on the market because a higher percentage of patients were hospitalized, which increased the demand for robotic nurse assistants for patients. While caring for COVID-19-infected patients, the robots also assisted in maintaining social distance, which further fueled the robotic nurse assistant market's expansion at the time.
Report Attributes |
Details |
---|---|
Market Size (2022) |
USD 923.91 Million |
Projected Market Value (2032) |
USD 3641.36 Million |
Global Market Growth Rate (2022-2032) |
14.7% |
Projected Market Value (2030) |
USD 2767.81 Million |
North America Market Share |
35.0% |
Asia Pacific Market Growth Rate (2022-2032) |
16.2% |
Independence Support Robots Market Share for Product Type Segment |
40.0% |
Hospitals and Clinics Market Share for End Use Segment |
45.0% |
Key Companies Profiled |
|
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Competitive landscape highlights only certain players
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What Indicators Influence the Market Growth of Robotic Nurse Assistants?
Drivers: Growing IoT integration in robotics for economical preventive maintenance. Data privacy issues and strict regulations are restrictions.
Due to the need to improve care quality and safety while reducing costs, robotics now plays a much larger role in the healthcare industry.
Robotic nurse assistants are in greater demand than ever, but their higher costs are limiting the robotic nurse assistant market's expansion. Maintenance, employee training, and process reconstruction all involve high variable costs. In addition, worries about the safety and security of these robots are limiting the market's expansion.
The cost of manufacturing such robots is anticipated to decrease thanks to the ongoing development of accessible technologies and rising production volumes brought on by the rising adoption of robotic nurse assistants.
In the medical industry, robots are revolutionizing how surgeries are carried out, streamlining supply delivery and sterilization and allowing professionals to concentrate on interacting and caring for patients. For the creation of medical robots, Intel provides a wide range of technology, such as surgical assistance, modular, and autonomous mobile robots.
What is Adversely Impacting the Revenue Graph of the Robotic Nurse Assistant Industry?
Robotic nurse assistant market growth is likely to be constrained by factors like safety concerns and the high cost of robotic systems. Additionally, the variety of robotic systems is expanding quickly due to significant improvements in software programming techniques as well as new visual and motion systems.
With little discomfort, the new robotic lab assistant can find that vessel and take a blood sample. The robots in pharmaceutical labs can also dispense and prepare medications.
In larger installations, robotic carts move food and even bed linens from floor to floor while riding lifts and navigating automatic doors. This factor hinders the robotic nurse assistant market growth.
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Segmentation Insights
What Robotic Nurse Assistant Market’s Product Type is Most Likely to be Prevalent?
With a robotic nurse assistant market share of more than 40.0% in 2021, independent support robots were the market leader. The market is expanding as a result of the increasing number of disabled people and the proportion of elderly people who are suffering from chronic illnesses, as these robots are very helpful in caring for such patients.
These machines can also complete human tasks faster and more accurately than humans can. This is helping the market grow in a positive way.
The segment for daily care and transportation robots is anticipated to grow at the fastest rate over the course of the forecast. By processing hospital workflow autonomously, these robots raise the standard of care and boost the robotic nurse assistant market output.
In addition, a major factor driving this market is the growing demand for robotic nurse assistants to assist healthcare workers in carrying out their daily tasks more effectively.
Which End Use of the Robotic Nurse Assistant Industry Would Be in Trend?
With a revenue share of over 45.0% in 2021, the hospitals and clinics segment emerged as the leading segment in the market. During the forecast period, the segment is anticipated to grow at a profitable rate.
The shortage of nurses in various countries, along with rising healthcare costs and the use of cutting-edge technology in the healthcare industry, are all expected to contribute to the growing adoption of robotic nurse assistants, including nurse assistant robots, in hospitals and clinics.
Due to the increasing global geriatric population, the senior care facilities market is anticipated to grow at the fastest CAGR during the projection period. The market is growing because older people are more likely to develop chronic diseases and need individualized care.
In accordance with a report issued in January 2020 by the Union Ministry of Family and Health Welfare, two out of every three senior citizens have a chronic illness. The players' increasing strategic efforts to introduce new products at competitive prices also contribute to the market's expansion.
Country Insights
What Makes the US a Renowned Robotic Nurse Assistant Market?
With a revenue share of over 35.0% in 2021, North America dominated the market, and it is predicted that during the forecast period, it will continue to grow at a profitable rate.
The availability of top-notch healthcare facilities, hospitals' high purchasing power to invest in these systems, improved insurance company partnerships, and an increase in patients choosing superior healthcare services are some of the key factors driving North America's revenue growth.
The region's demand for robot-based assistants is also being driven by the growing need to maintain a nurse-to-patient ratio.
How is Asia Pacific a Centre of the Robotic Nurse Assistant Market?
Asia Pacific is anticipated to experience the highest CAGR of 16.2% during the forecast period because of the region's significant elderly population. Additionally, the market expansion is supported by the region's expanding healthcare sector and rising R&D spending on robotics systems.
The market for robotic nurse assistants now has more opportunities to introduce new products owing to the advent of AI, the IoT, and machine learning, as well as the region's expanding 5G network adoption.
Comparative View of the Adjacent Robotic Nurse Assistant Market
Robotic Nurse Assistant Market:
Attributes |
Robotic Nurse Assistant Market |
---|---|
CAGR (2022-2032) |
14.7% |
Market Value (2027) |
USD 1834.20 Mn |
Growth Factor |
The rise in healthcare spending and developments in technology within the industry are the main drivers of robotic nurse assistant expansion. The FDA's endorsement of products is promoting growth. |
Opportunity |
New opportunities for robotic nurse assistant expansion are being created by rising purchasing power and expanding strategic initiatives by major players to introduce technologically cutting-edge and reasonably priced products. |
Key Trends |
The demand for robotic nurse assistants to assist patients is rising as a result of the aging population and the rising prevalence of chronic diseases. |
Medical Service Robots Market
Attributes |
Medical Service Robots Market |
CAGR (2022-2032) |
17.1% |
Market Value (2027) |
USD 27.33 Bn |
Growth Factor |
The introduction of high-tech robotic medical equipment and the increase in per-person healthcare spending are both responsible for the growth. |
Opportunity |
Swarm robotics is changing the industry and creating new opportunities. Swarm intelligence is a novel method for coordinating multiple robotic systems. |
Key Trends |
The industry is expected to grow as a result of ongoing technological developments, including robotic catheter control systems (CCS), data recorders, data analytics, remote navigation, motion sensors, 3D imaging, and HD surgical microscopic cameras. |
Artificial Intelligence In Healthcare Market
Attributes |
Artificial Intelligence In Healthcare Market |
CAGR (2022-2032) |
38.4% |
Market Value (2027) |
USD 73.09 Bn |
Growth Factor |
The key factors propelling the market's expansion include the expanding datasets of digital patient health information, rising demand for personalized medicine, and rising demand for lowering healthcare costs. |
Opportunity |
A number of factors contributed to the market's growth and the quickening pace of AI adoption in healthcare, including supportive government initiatives, the rise in mergers and acquisitions and technological partnerships, and the ongoing Covid-19 pandemic. |
Key Trends |
Key market players concentrated on product innovation and technology partnerships to expand their product portfolios and satisfy the escalating demand during the pandemic as a result of the growing adoption of AI technologies in healthcare applications. |
Robotics in the medical field enables high levels of patient care, effective clinical procedures, and a secure environment for patients and medical personnel.
Role of Robotics in the Future of Medicine
Medical robotics will develop to perform tasks autonomously, more effectively, and more accurately as machine learning, data analytics, computer vision, and other technologies advance. To investigate the next wave of robotics solutions, Intel is collaborating with tech companies and academics.
Intel is fostering the discovery of new uses for AI and IoT technologies in the field of medical robotics by offering technology and research support. These donations aid in the development of ongoing innovations that boost automation, promote efficiency and address some of the biggest problems in the field of healthcare. This boosts the robotic nurse assistant market growth.
Along with developments in other technologies like machine learning, data analytics, computer vision, and others, health robotics will also continue to develop. All kinds of robots will keep developing to carry out tasks autonomously, effectively, and precisely.
Competitive Landscape
The robotic nurse assistant market players are taking on strategic initiatives like partnerships, mergers and acquisitions, collaborations, and product launches to increase their market share. The market for robotic nurse assistants is growing as a result of hospitals and healthcare facilities implementing robotic nurse assistants.
RIKEN-TRI Collaboration Center for Human-Interactive Robot Research, GeckoSystems International Corporation, Hitachi, Hstar Technologies, JoiceCare AB, Fraunhofer IPA, and Georgia Tech are a few of the companies competing in the global robotic nurse assistant industy.
Recent Development
Date |
Company Name |
Strategy |
Details |
April 2022 |
Diligent Robotics |
Funding |
A nurse-assisting robot company called Diligent raised more than USD 30 million in series B funding in April 2022. As the company continues to use its nurse assisting robot, Moxi, the funding will assist it in expanding its scalability and resolving its supply chain issues. |
2021 |
Diligent Robotics |
Launch |
In Texas, a robotic nurse assistant by the name of Moxi from Diligent Robotics was used in 2021 for tasks like bringing in medication and delivering lab samples. |
June |
Hstar Technologies |
Funding |
Over the course of one round, Hstar Technologies has raised a total of $100K in funding. On June 25, 2015, funds for this grant round were raised. MassVentures provides funding for Hstar Technologies. |
May 18, 2022 |
RIKEN |
MoC |
Increasing high-performance computing cooperation between Japan and Finland A Memorandum of Cooperation (MoC) was signed between the RIKEN Center for Computational Science and the CSC - Center for Science Information Technology, a Finnish centre of information technology expertise, to improve collaboration in the area of high-performance computing. This will make use of two world-class supercomputers: the Fugaku supercomputer run by RIKEN and LUMI, Europe's most effective pre-exascale supercomputer, hosted by CSC. |
July 12, 2022 |
SoftBank Robotics |
Launch |
The Australian hospitality sector is recovering from the pandemic's forced closures and restrictions, but it now needs to reinvent itself in the face of a labour shortage. The Keenbot tray delivery robot has been officially launched by SoftBank Robotics Group Corp. (SBR). |
July 2022 |
Fraunhofer IPA |
Partnership |
Strategic collaboration with the Japanese engineering company Sugino The Fraunhofer Institute for Manufacturing Engineering and Automation IPA and the Japanese engineering firm SUGINO have partnered strategically. Colleagues from Fraunhofer IPA and Sugino will work together on research projects in the Center for Particle Technology and Dispersing Technology Center over the next two years. The processing of biopolymers in industry will be the main focus. |
August 2022 |
Fraunhofer IPA |
Collaboration |
Fraunhofer IPA joins the euROBIN project with top European research institutions for robotics powered by AI. The Network of Excellence euROBIN, which runs from July 2022 to June 2026, brings together 31 renowned European research institutions. In particular, Fraunhofer IPA is engaged in using robotics to accomplish one of the UN's sustainable development goals. |
Key Segments
-
By Product Type:
- Independence Support Robots
- Daily Care & Transportation Robots
- Pharma Automation Robot
-
By End-use:
- Hospitals & Clinics
- Senior Care Facilities
- Homecare Settings
- FAQs -
The robotic nurse assistant market size is anticipated to be over US$ 923.91 Mn in 2022.
The robotic nurse assistant market size is anticipated to be over US$ 923.91 Mn in 2022.
The robotic nurse assistant market is predicted to grow at a CAGR of 17.4% through 2032.
The North America robotic nurse assistant market holds the highest revenue potential.